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The Finance of British Industry, 1918-1976 (Hardcover, New Ed)
Loot Price: R6,407
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The Finance of British Industry, 1918-1976 (Hardcover, New Ed)
Series: Economic History
Expected to ship within 12 - 17 working days
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How has British industry financed itself in the past? With the
current debate on industry's financial strategy, this study of the
past sixty years is a particularly timely contribution to the
discussions on the future financing of industry.
This book gives, for the inter-war years, a detailed examination of
the main sources of funds, covering long-term and short-term
funding. It also traces the transition in the new issue market and
explores the course of firms' own internal funds, and ends his
coverage of the pre-war years with a chapter on the Macmillan Gap.
Dr Thomas puts particular emphasis on the influence of government
policy on the financing of industry in post-war Britain. He also
explains the effects the new sources of finance have had on
industry and the major public corporations. His last chapter
surveys the later developments in the main sources and uses of
funds and the factors responsible for them, and includes an
illuminating comparison of financial practices in some of the major
overseas industrial countries.
Dr. Thomas has written a clear and objective account describing the
trends in finance since the First World War. His notably
well-documented book is an essential reference work.
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